Serra Energy Metals (STU:4KL0) ROCE % : -25.58% (As of Jul. 2024)

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What is Serra Energy Metals ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Serra Energy Metals's annualized ROCE % for the quarter that ended in Jul. 2024 was -25.58%.

Serra Energy Metals ROCE % Historical Data

The historical data trend for Serra Energy Metals's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Serra Energy Metals ROCE % Chart

Serra Energy Metals Annual Data

Trend

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

ROCE %

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-28.29

-34.77

-20.16

-13.85

-13.63

Serra Energy Metals Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
ROCE %	Get a 7-Day Free Trial															-11.01	-7.86	-9.65	-9.74	-25.58

Serra Energy Metals ROCE % Calculation

Serra Energy Metals's annualized ROCE % for the fiscal year that ended in Apr. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	-0.797	/	( ( (10.309 - 0.241)	+	(1.696 - 0.065) )	/ 2 )
	=	-0.797	/	( (10.068	+	1.631)	/ 2 )
	=	-0.797	/	5.8495
	=	-13.63 %

Serra Energy Metals's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	-0.4	/	( ( (1.696 - 0.065)	+	(1.511 - 0.015) )	/ 2 )
	=	-0.4	/	( ( 1.631	+	1.496 )	/ 2 )
	=	-0.4	/	1.5635
	=	-25.58 %

(1) Note: The EBIT data used here is four times the quarterly (Jul. 2024) EBIT data.

Serra Energy Metals (STU:4KL0) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Serra Energy Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Serra Energy Metals Corp (STU:4KL0) » Definitions » ROCE %

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ESVNF:USA 4KL0:Germany SEEM:Canada

Address

1030 West Georgia Street, Suite 907, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.serrametals.com

Serra Energy Metals Corp is a resource exploration company that is acquiring and exploring mineral properties. The company's main interest lies in the exploration of nickel, copper, cobalt, and lithium, with an emphasis on identifying and investigating exploration targets that are drill-ready and are situated near the infrastructure. Some of its projects include Beaufort Property and Myrtleford Property located in Australia, and Santa Luz Property located in Brazil.

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